In Defense of Bears

In case anyone is yet not aware, it is my considered opinion that bears tend to be better informed, if furrier and possibly less palatable, than bulls. There's more of a barrier to entry in terms of a) the basic mechanics, 2) unlimited downside risk, iii) limited upside potential, and 5) danger of margin call. Not to mention the societal and Wall Street bias in favor of buy first, ask questions later, if at all. Anyway, today there's a decentish Bloomberg article debunking the myth of evil short-sellers featuring Bill "Hair" Fleckenstein.